Yandex scales back “many planned investments,” withdraws 2022 financial guidance

Yandex scales back “many planned investments,” withdraws 2022 financial guidance

In the instable environment created by Russia’s war on Ukraine, Yandex’s annual report to the US Security Exchange Commission (SEC) provides details on a range of pressing business issues and potential company risks. The report was issued Thursday by Yandex’s Netherlands-headquartered mother company, which has been listed on the Nasdaq since 2011.

After the resignation of one of its top executive in March — Tigran Khudaverdyan, who was designated under EU and UK…


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[unable to retrieve full-text content]Insiders Sell, Yandex Plummets. Should You Worry?  AOL Source link

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